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A model of profits and market adjustment |
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| Authors: | Peter Englund |
| Affiliation: | Stockholm School of Economics, S-113 83 Stockholm, Sweden |
| Abstract: | A market adjustment process is analyzed, where the prevailing rate of profit affects the rates of change of quantity produced and unit cost of production. Only under special conditions does the process lead to a steady-state where the rate of profit is zero. |
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